Canadian Tire and GENCO Distribution Systems celebrate the grand opening of the Montreal Distribution Centre



    
    $240 million capital investment in the community; 600 full-time and
    300 part-time jobs created
    

    MONTREAL, June 16 /CNW/ - Canadian Tire Corporation and GENCO
Distribution Systems (GENCO) celebrated the grand opening of the new 1.5
million square foot Distribution Centre earlier today in Coteau du Lac,
Quebec. Quebec Premier Jean Charest joined Stephen Wetmore, president and CEO,
Canadian Tire and Herb Shear, president and CEO, GENCO to officially open the
facility and celebrate this important milestone. Now fully operational, the
world-class GENCO Distribution Centre has the capacity to process up to 55
million cubic feet of throughput per year to supply Canadian Tire stores in
Ontario, Quebec and Atlantic Canada.
    Located 45 minutes outside of Montreal, the construction and build-up of
the facility took approximately 23 months and created work for approximately
900 tradespeople. Featuring state-of-the-art technology and material handling
systems designed to sort and ship inventory arriving from more than 1,000
suppliers, the new distribution hub ensures quick and effective delivery of
product to Canadian Tire stores in Ontario, Quebec and the Maritimes.
    "Canadian Tire continues to experience strong growth, creating the need
for a centrally-located distribution hub that will enable us to efficiently
ship products to our stores so customers can get the products they want, when
they want them," said Stephen Wetmore, president and CEO, Canadian Tire
Corporation. "With 94 stores and more than 10,000 employees across the
province, Quebec is an important market for Canadian Tire and is an ideal
location for this state-of-the-art facility. We are pleased to expand our
relationship with GENCO to include the day-to-day operation of the
appropriately-named GENCO Distribution Centre," Wetmore added.
    "We are honoured to once again be selected by Canadian Tire and have the
opportunity to expand our relationship," said Herb Shear president and CEO,
GENCO. "We look forward to providing ongoing value as we operate the most
advanced distribution centre in all of Canada and to being an important member
of the Coteau du Lac business community."
    Quebec is an important market for Canadian Tire and has been since the
first store opened in 1939 in Rouyn, Quebec. This new facility represents a
$240 million capital investment in the Coteau-du-Lac community and the
creation of 600 full-time and 300 part-time jobs.

    GENCO Distribution System

    GENCO Distribution System is North America's 2nd largest and a Global Top
50 third-party logistics provider and the recognized leader in Reverse
Logistics. The company manages over 125 operations and 37 million square feet
of warehouse space throughout North America for a diverse range of retail,
manufacturing and government customers. The company provides initial and
ongoing value through a complete range of solutions, including contract
logistics, transportation logistics, parcel negotiation & audits, reverse
logistics, damage research, product liquidation, pharmaceutical services,
government solutions and technology solutions. For more information, visit
www.genco.com.

    Canadian Tire Corporation, Limited (TSX: CTC.a, CTC), operates more than
1,200 general merchandise and apparel retail stores and gas stations in an
inter-related network of businesses engaged in retail, financial services and
petroleum. Canadian Tire Retail, Canada's most shopped general merchandise
retailer, with 476 stores operated by Dealers across Canada offers a unique
mix of products and services through three specialty categories in which the
organization is the market leader - Automotive, Sports and Leisure, and Home
Products. www.canadiantire.ca offers Canadians the opportunity to research
more than 25,000 products online. PartSource is an automotive parts specialty
chain with 87 stores designed to meet the needs of purchasers of automotive
parts - professional automotive installers and serious do-it-yourselfers.
Canadian Tire Petroleum is one of the country's largest and most productive
independent retailers of gasoline, operating 274 gas bars, 267 convenience
stores and kiosks, and 74 car washes. Mark's Work Wearhouse is one of the
country's leading apparel retailers operating 374 stores in Canada.  Under the
Clothes that Work(TM) marketing strategy, Mark's sells apparel and footwear in
work, work-related, casual and active-wear categories, as well as health-care
and business-to-business apparel. www.marks.com offers Canadians the
opportunity to shop for Mark's products online. Canadian Tire Financial
Services has issued over five million Canadian Tire MasterCard credit cards
and also markets related financial products and services for retail and
petroleum customers. Canadians can also access Financial Services online at
www.ctfs.com. More than 57,000 Canadians work across Canadian Tire's
organization from coast-to-coast in the enterprise's retail, financial
services, and petroleum businesses.





For further information:

For further information: Lisa Gibson, Canadian Tire, (416) 544-7655,
lisa.gibson@cantire.com

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Canadian Tire Corporation, Limited

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